Kentucky Lakefront Property Sale
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For sale by owner - For Sale By Owner (or FSBO, pronounced "fizz-bo") is a real estate term that indicates property currently for sale (or previously sold) without the assistance of a real estate agent or a REALTOR. It can also refer to the seller of such property.
Bill of sale - A bill of sale is a legal document made by a seller to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other "value received", the seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession. It may take the form of something like the following:
Contract of sale - A contract of sale is a legal contract that involves an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same. It is a specific type of legal contract.
Lesion beyond moiety - Lesion Beyond Moiety is a civil law term used to describe the ability of a seller of immovable property to rescend that sale if the price paid for the property is less than (usually half) of the actual value of the property at the time of the sale.
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